Page 85 - Msingi Afrika Magazine Issue 13

Innovate Afrika

number is now 253 GW. Texas has
an operational wind energy system.
With some flaws. India via ReNew
Power is pushing into the gigawatts
of installed solar power, but the
country already has 39.083 GW.
What has this intense drive for in-
crease in power generation capacity
done to China, over the past 30
years, an economy that has grown:
with the exception of the COVD- Investors are necessary for
19 situation that resulted in a dip to infrastructural development and The Whole Story
(-6.78%), www.tradingeconomics. sustainability, therefore the au- Nigeria has, a lot of resources. An
com records 18.3% in Q1 2021, and thor noted that an atmosphere argument can be successfully made
that -6.78% was adjusted to actual of security, both of investments for that being one of the main rea-
of 3.2%. Prior to March 2020, the and personnel, must be fostered sons for the orchestrated destabiliza-
growth rate hovered between 6% by the government for the ap- tion in the country, and subsequent-
and 15%, i.e. always growing. Makes propriate investors. ly the Sub-Saharan region. Because
you think a country such as Nige- 3. Legislative Arms and the Judi- that region in fact is the richest re-
ria with many resources should be ciary. Energy security is crucial gion in the world, and it is politically
stratospherically ahead.
and hence calls on the arm of cheaper to extract resources from a
the government responsible place that is politically unstable.
Nigeria is exposed to the following for implementing appropriate Dr. Igbokoyi accurately provided in
sources of energy that should be energy security regulations and the paper the trajectory Nigeria is
strategically utilized: policies to provide the necessary on and why strict attention is needed
▪ Solar Energy energy security to secure Nige- for a socio-economically beneficial
▪ Wind Energy ria’s future economic growth. future. “An improved economy will
▪ Coal 4. Federal and State Government. bring more wealth to the people
▪ Natural Gas The fiduciary and financial duty and subsequently improves the
▪ Waste. Yes, as Dr. Igbokoyi men- of installing a power sector and socio-economic life of its citizens.”
tioned, London is turning waste into ensuring energy security is far That statement made by the author
energy. Talk about sustainability.
too great a task for the federal is the reason for energy security,
government of over statistical because as shown, the links in the
Just like the human body, a system 200 million people to handle energy chain that leads to the eco-
is only as good as the health of its alone. Hence, state government nomic security is broken in Nigeria.
intrinsic operational protocols. The will have to play a major role. Developing the domestic market is
author of this paper pointed out necessary because high resources ex-
the necessity of four groups of It is not enough to stop doing what port and high consumer goods im-
stakeholder-partnership collabora- is not working. Nor is it enough to port is costing the country, and the
tively operating for a sustainable and repair the system. In consideration primary reason for this is the lack of
profitable power system resulting in of population growth, econom- energy brought about by the lack of
economic growth.
ic requirement, and fluctuations, energy security measures, and lack
different sources of energy must be of economic diversification.
1. Government and the Citizens. used and guarded for the future eco- With a competitive future ahead,
Dr. Igbokoyi accurately pointed nomic growth of Nigeria. It must be it is necessary that steps are taken
out the necessity of the gov- taken care off, and external interfer- to rectify the cracks and breaks in
ernment to educate the citizens, ence for selfish purposes must not the energy links that lead to future
following the initiated venture, be allowed. Most importantly, the economic growth.
of the benefits of working to- people must ensure this.
gether to make this new power
system work for socio-econom- Step Three: vigilantly and pru-
ic benefits. dently use all available resources.
2. Government and Investors.

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